Filing Flows › Accelerant (ARX) › Q1 2026
Accelerant (ARX) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 13, 2026
Accelerant (ARX) reported revenue of $273M for the first quarter 2026 (Q1 2026), +54% from a year earlier and +10% from the quarter before. Operating margin was 0.7%, net loss $4.1M (1.5% of revenue).
Accelerant, Q1 2026: revenue $273M (+54% year over year), operating margin 0.7%, net loss $4.1M, operating cash flow −$21.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $273M | +10% | +54% |
| Operating profit | $2.0M | — | — |
| Net earnings | −$4.1M | -556% | — |
| Operating cash flow | −$21.4M | -135% | — |
What changed
Revenue was $273.3M in Q1 2026, up 54% year over year and up 10% from the previous quarter.
Operating profit was $2.0M, a 0.7% margin (down 8.0 points year over year). Operating profit fell $13.5M even though revenue rose $95.3M versus a year earlier, so costs grew faster than sales. Total costs grew 67% against revenue growth of 54%. The fastest-growing cost line was Other operating costs (+69%). The quarter ended with a net loss of $4.1M, after a profit of $900K the previous quarter.
Operating cash flow was −$21.4M. Non-cash charges added back $10.0M of depreciation and amortization and $28.8M of share-based compensation. Working capital and other items used $56.1M.
Questions
What was Accelerant's revenue in the first quarter 2026?
Accelerant (ARX) reported revenue of $273M for the first quarter 2026 (Q1 2026), +54% from a year earlier and +10% from the quarter before.
Was Accelerant profitable in the first quarter 2026?
Operating profit was $2.0M (0.7% of revenue) and net loss $4.1M.
Source: Accelerant 10-Q on SEC EDGAR.